Reserved
$49,000

Oakfield Avenue

Perfect Investment Property

Oakfield Avenue is a very nice ranch style home that was built in 1950. It is compromised of two bedrooms, one bathroom, kitchen, dining room, and living room. It features hardwood floors and bright living spaces. It is located on a nice quiet street with paved sidewalks and mature trees. In terms of size, this property has 732 square feet of living space and sits on a 3,920 square foot plot.

The property is situated in the Detroit Public Schools Community District which has 10 schools in its vicinity and O´Hair Park nearby. Located in the Greenfield Road/West 7 Mile Road community, residents have access to multiple shopping centers, restaurants, and amenities.

The property is currently being cleaned and undergoing minor updates. Photos of the interior will be available once the maintenance work is completed.

The home will be ready for renting approximately 40 days after closing on the property. MASTKERKEY estimates the rental price will be around $800 per month, give or take $50.

Details

Price : $49,000
Property Type : House
Purpose : Sell
Status : Reserved
Area : 800 Sq Ft
Address : Oakfield Avenue
State : Michigan
Zip Code : 48235
City : Detroit
Country : USA
Property ID : 2495

Internal Structure

Bedrooms : 2
Bathrooms : 1

Financial Details

Est. Rent PCM : $800
Yearly Income : $9,600
Management : $960
Taxes : $902
Insurance : $550
Net Income : $7,188
Net Yield : 14.67%

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